Looking to diversify beyond FSNOX? The mutual funds below have historically moved differently from FSNOX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FSNOX
0 mutual funds have low correlation with FSNOX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Short-Term Bond Fund (FSHBX) (Short-Term Bond) with a 1Y correlation of 0.36, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Short-Term Bond Fund | 0.36 | 0.33 | 0.33 | 84 | Short-Term Bond, Investment Grade Bonds, Actively Managed | FSNOX vs FSHBX | |
| Fidelity Select Semiconductors Portfolio | 0.70 | 0.65 | 0.69 | 80 | Semiconductors, Technology Equities | FSNOX vs FSELX | |
| Fidelity ZERO Large Cap Index Fund | 0.85 | 0.80 | 0.79 | 59 | Large Cap Blend Equities | FSNOX vs FNILX | |
| Dimensional Retirement Income Fund | 0.86 | 0.89 | 0.87 | 81 | Target Retirement Date | FSNOX vs TDIFX | |
| Voya Target Retirement 2040 Fund | 0.87 | 0.88 | 0.90 | 75 | Target Retirement Date | FSNOX vs IRSOX |
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